Asia-Pacific to Dominate Monochloroacetic Acid Market, Driven by Growing Agricultural Sector| MarketsandMarkets™
MCA (monochloroacetic acid) is a chlorinated acetic acid with the formula ClCH2COOH. It's a colorless or white crystalline solid with a strong odor that dissolves in water and polar solvents. MCA is a versatile chemical that is used in a variety of industries. It is principally used to make carboxymethyl cellulose (CMC), a water-soluble polymer utilized as a thickener, stabilizer, and emulsifier in a variety of industries such as food, pharmaceuticals, and personal care.
MCA is also utilized in the manufacture of other compounds such as glycine, betaine, and surfactants. It's a herbicide that's also used to make other compounds like pesticides, fungicides, and dyes. MCA is employed as an intermediary in the manufacturing of certain medications in the pharmaceutical sector.
The report "Monochloroacetic Acid Market by Product Form (Crystalline, Liquid, And Flakes), Application (CMC, Agrochemicals, Surfactants, TGA), and Region (North America, APAC, Europe, Middle East & Africa, and South America) - Global Forecast to 2022", The monochloroacetic acid (MCA) market is estimated at USD 762.6 Million in 2017 and was projected to reach USD 908.9 Million by 2022, at a CAGR of 3.6% between 2017 and 2022.
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Crystalline is projected to be the largest product form segment of the Monochloroacetic Acid market during the forecast period.
Crystalline monochloroacetic acid is expected to be the most popular product form in the monochloroacetic acid market. Crystalline MCA is a highly pure version of MCA created using a crystallization process, yielding a solid product free of impurities and with a high melting point.
Crystalline MCA is utilized in a variety of applications, including the manufacture of carboxymethyl cellulose (CMC), herbicides, insecticides, and medicines. Because of its great purity, it is perfect for usage in various applications, ensuring uniformity and quality in the end product.
The CMC segment is projected to be the largest application segment of the Monochloroacetic Acid market
The largest application segment of the monochloroacetic acid market is expected to be carboxymethyl cellulose (CMC). CMC is a water-soluble polymer that is utilized in a variety of industries, including food, pharmaceuticals, and personal care, as a thickener, stabilizer, and emulsifier.
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Monochloroacetic acid (MCA) is a critical raw ingredient in the manufacture of CMC. The expanding demand for processed foods, as well as the increasing use of CMC in the pharmaceutical and personal care industries, are driving CMC demand. The increased understanding of the benefits of CMC, such as its capacity to improve product viscosity and stability, is also helping to drive the CMC market forward.
MCA is utilized in the synthesis of a variety of compounds, including glycine, betaine, and surfactants, in addition to CMC. MCA is also used as a herbicide and to make other compounds like as pesticides, fungicides, and dyes. However, the demand for MCA in these applications is much lower than the need for MCA in CMC manufacture.
Asia Pacific is projected to be the largest Monochloroacetic Acid market, in terms of both value and volume.
In terms of both value and volume, Asia Pacific is expected to be the largest market for monochloroacetic acid (MCA). The region's demand for MCA is being driven by the expansion of numerous end-use industries such as food & drinks, pharmaceuticals, personal care, and agrochemicals.
Growing populations and rising disposable incomes in nations like as China and India are driving demand for processed foods, pharmaceuticals, and personal care goods, which is fueling demand for MCA in the region. Furthermore, increased awareness about the benefits of employing agrochemicals to improve crop production and quality is driving demand for MCA in the region's agriculture business.
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Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), Meridian Chem-Bond (India) and others.
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